Our clients are offering for sale an impressive portfolio comprising circa 50 commercial and residential properties located primarily in Cornwall.
The extensive collection of appreciating assets has been built by our clients over a period of 50 years and generates consistent revenue from ongoing tenancies, with a near 100% occupancy rate.
The majority of the properties are directly managed by our clients’ corporate structure comprising four limited companies – shares in which are included in the sale – with residential letting agents also utilised.
Offers invited.
Average annual return on investment rate of 6.6% across the portfolio, with some rates as high as 9%.
Circa £1.25m rental income per annum, with rent increases scheduled.
Properties are primarily in the sought-after markets of Cornwall, with others in Devon, Manchester, and Somerset.
Current mortgage balance of circa £2.3m across two lenders.
Additional income is generated through solar panels installed on a range of properties, identified as a reliable and scalable passive revenue stream.
Commercial
Annual income of circa £819k.
Circa 30 commercial units currently, comprising offices, shops and industrial units.
Long-term leases averaging eight years in place for the majority of properties.
Unit valuations range from £60k to £2.5m.
Gross property value of circa £12m.
Residential
Annual income of circa £268k.
Circa 20 domestic properties currently, ranging from one-bedroom apartments to family homes.
Individual residential unit valuations range from £110k to £1.5m.
Gross value totalling circa £6.3m
